GIVAT SHMUEL, Israel, Sept. 3, 2013 /PRNewswire/ -- DSIT Solutions Ltd., a subsidiary of Acorn Energy, Inc. (NASDAQ: ACFN), disclosed today that the company and Ramot, the technology transfer company of Tel-Aviv University, were jointly awarded a grant from MEIMAD. MEIMAD is a collaborative program between the Israeli Ministry of Defense, the Office of the Chief Scientist at the Ministry of Economy and the Ministry of Finance, to jointly promote new ideas and new technologies that can serve both commercial applications and military needs. MEIMAD provides funding money for projects involving joint innovation and development between Israeli industrial companies and universities. This grant is for a 30-month project for the joint development of a next generation Fiber-Optic Based Perimeter Security System Interrogator. The total amount of the grant is approximately $650,000 with approximately $260,000 expected to be received over the next 12 months. The Interrogator, the optics/electronics heart of any fiber optic sensing system will be utilizing advanced Dynamic Optical Frequency Domain Reflectometry (D-OFDR) technology developed by Prof. Avishay Eyal of Tel-Aviv University. Prof. Avishay Eyal of Tel Aviv University Engineering Faculty said, "I am very pleased about the opportunity to collaborate with DSIT. Our research and development efforts over the past decade have been focused on developing distributed and quasi-distributed sensors that transform acoustical and vibrational signals, over long distances, into digital data. This data, however, is meaningless if not properly processed. DSIT scientists and engineers are world leading experts in turning this data into valuable and useful information." Meir Hahami, DSIT's VP Technology, remarked, "the D-OFDR Interrogator, together with other interrogator technologies, will enable DSIT to propose customer-tailored solutions to Security and Defense customers seeking low-cost, high-sensitivity perimeter security systems."